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Davis Street Family Resource Center 3 Apri16, 2009 <br />March 2, 2009 -The City Council did not approve providing DSFRC with $500,000 in available <br />tax allocation bond funds issued by the Redevelopment Agency, but approved a substitute <br />motion directing staff to analyze other viable funding sources including CDBG funds and <br />preparing a resolution for Council to commit $500,000 from the most appropriate funding <br />mechanism to assist DSFRC with acquiring its facility at 3081 Teagarden Street. <br />City. Council Committee Review and Action <br />January 20, 2009 -The Finance Committee recommended taking to Council for approval the <br />commitment of $500,000 of CDBG funds to DSFRC towards the purchase of the property <br />located at 3081 Teagarden Street. <br />March 24, 2009 -The Finance Committee reviewed the use of CDBG funds for DSFRC through <br />HUD's "pre-award reimbursement" award alternative. The Committee recommended taking to <br />Council for approval the commitment of $500,000 to DSFRC from available public funds with <br />the CDBG pre-award reimbursement option (involving amending the FY 2009-10 HUD Annual <br />Action Plan) being the most suitable if DSFRC does not need the funds until after July 1 and <br />Redevelopment Agency funding being the most suitable if DSFRC determines it needs the funds <br />prior to July 1. <br />Applicable General Plan Policy - NA <br />Permits andlor Variances Granted - NA <br />Environmental Review - NA <br />Code Compliance Review - NA <br />Board/Commission Findings - NA <br />Summary of Public Outreach Efforts - NA <br />Fiscal Impact <br />The $500,000 would come from a viable City or other local public funding source. <br />Budget Authority - NA <br />Attachments -None <br />CONCLUSION <br />Staff recommends Council approve a resolution 1) committing $500,000 to assist DSFRC with <br />the acquisition of 3081 Teagarden Street and 2) directing the City Manager to identify the <br />appropriate City or other public funding source for future Council consideration. <br />G:A ALL CITY COUNCIL MATERIAL~2009 04-06; ACTION; Commitment of funds to DSFRC for purchase of 3081 <br />Teagarden~DSFRC staff rpt_4-6-09 edited.doc <br />